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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 871 $ 1,445
Accounts receivable, net of provision for credit losses of $944000 and $978000, respectively 3,594 4,973
Prepaid expenses and other current assets 2,138 2,117
Total current assets 6,603 8,535
Property, equipment and software, net 164 341
Goodwill 6,520 6,520
Intangible assets, net 8,265 9,730
Operating lease right-of-use assets 749 832
Other long-term assets 234 48
Total assets 22,535 26,006
CURRENT LIABILITIES    
Accounts payable 8,183 7,657
Liability related to tax receivable agreement, current portion 41 41
Current maturities of long-term debt 4,931 3,700
Deferred revenues 548 507
Operating lease liabilities, current portion 215 188
Income taxes payable 66 0
Total current liabilities 17,747 13,350
Long-term debt, net of current portion, deferred financing cost and debt discount 10,817 31,603
Operating lease liabilities, net of current portion 666 783
Total liabilities 29,230 45,736
COMMITMENTS AND CONTINGENCIES (Note 9)
STOCKHOLDERS’ DEFICIT    
Series A Convertible Preferred Stock, $0.001 par value per share, 10,000,000 shares authorized, 25,000 and 0 shares issued and outstanding, respectively 0 0
Additional paid-in capital 14,862 3,769
Accumulated deficit (16,058) (8,774)
Noncontrolling interest (5,526) (14,742)
Total stockholders’ deficit (6,695) (19,730)
Total liabilities and stockholders’ deficit 22,535 26,006
Nonrelated Party    
CURRENT LIABILITIES    
Accrued liabilities 1,888 1,257
Current maturities of long-term debt 0 3,700
Long-term debt, net of current portion, deferred financing cost and debt discount 150 31,603
Related Party    
CURRENT LIABILITIES    
Accrued liabilities 1,875 0
Current maturities of long-term debt 4,931 0
Long-term debt, net of current portion, deferred financing cost and debt discount 10,667 0
Class A Common Stock    
STOCKHOLDERS’ DEFICIT    
Common stock 17 6
Class B Common Stock    
STOCKHOLDERS’ DEFICIT    
Common stock $ 10 $ 11